Friday, April 6, 2012

Nouriel Roubini : ‏Very weak Job Report

Nouriel Roubini : ‏"Very weak job report : payrolls rise much less than expected, average weekly earnings and workweek down" in a twitter message today "Is the "over-hiring", after the "over-firing" in 2008-09, now over? Okun's Law may start to reassert itself as growth stays below potential" Roubini added in another message "The unemployment rate fell only because many discouraged workers who cant find jobs left the labor force. The participation rate fell!" he explained
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